Corporate Presentation | April 2021

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Corporate Presentation | April 2021

Transcript of Corporate Presentation | April 2021

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Corporate Presentation | April 2021

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Disclaimer

Some statements contained in this presentation or in documents referred to in it are or may be forward-looking statements. Actualresults may differ from those expressed in such statements, depending on a variety of factors.

Past performance of Greatland Gold plc or its shares is not a guide to future performance. Any forward-looking information contained inthis presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect, and accordingly, actualresults may vary.

This presentation does not constitute, or form part of or contain any invitation or offer to any person to underwrite, subscribe for,otherwise acquire, or dispose of any shares in Greatland Gold plc or advise to persons to do so in any jurisdiction, nor shall it, or anypart of it, form the basis of or be relied on in any connection with or act as an inducement to enter into any contract or commitmenttherefore. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this presentation or on itscompleteness and no liability whatsoever is accepted for any loss howsoever arising from any use of this presentation or its contentsotherwise in connection therewith.

This presentation has been prepared in compliance with English law and English courts will have exclusive jurisdiction over anydisputes arising from or connected with this presentation.

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Greatland | Investment highlights

1 World class discovery of Havieron, a high-grade gold-copper asset

2 Mine development commenced in February 2021

3 Leverage Newcrest expertise for low-risk development with existing infrastructure for a low capex requirement

4 Strategic presence in the highly prospective Paterson province owning a 560 km sq land package

5 People with proven capability in exploration success

Growing mining company operating in a low risk jurisdiction at the development stage of a world class discovery and located near established infrastructure

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Corporate overview

Share Price performance, daily volume (last 12 months):

Structure: Board | Management:

Company Name Greatland Gold Plc

Exchange Code GGP.LN (AIM)

Market Capitalisation £880m

Shares in issue 3,923m

Registered Office London

Main Country of Operation Australia

Market Capitalisation as of 23 April 2021

AIM listed company operating in Australia

Alex BorrelliNon-Executive

Chairman

Alex qualified as a Chartered Accountant and has many years’ experiencein investment banking encompassing flotations, takeovers, and mergersand acquisitions for private and quoted companies. Alex is also Chairmanof Xpediator plc, an AIM-listed company.

Shaun DayChief Executive

Officer

Shaun has over twenty years of experience in executive and financialpositions across mining and infrastructure, investment banking andinternational accounting firms. Shaun has a track record of leadingsuccessful transactions including M&A of publicly listed companies, farm-inagreements and raising capital. Prior to joining Greatland, Shaun spentfive years as CFO of Northern Star Resources Limited, an ASX100company and a global-scale Australian gold producer, where he oversawthe company’s market capitalisation expansion from AU$700m to AU$8bn.

Callum BaxterChief Technical

Officer

Callum is an experienced geologist and investor with over twenty yearsexposure to capital markets and the natural resources sector specialisingin early stage exploration.

Clive LatchamNon-Executive

Director

Clive is a chemical engineer and mineral economist with over thirty years’experience in senior roles in the mining sector. Clive joined Greatland fromERM – Environmental Resource Management, the world’s leadingsustainability consultancy group, where he is currently Senior ExternalAdvisor, and advisor to the Chairman and Chief Executive Officer. Prior tohis role at ERM, Clive worked as an independent advisor to private equityand mining consultancy firms, and spent nine years in senior roles with RioTinto plc.

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Operating in a low-risk jurisdictionGreatland has six projects located in Western Australia and Tasmania

60 70 80 90 100

Finland

Idaho

Newfoundland

South Australia

Quebec

Alaska

Western Australia

Saskatchewan

Arizona

Nevada

Top 10 Locations – Investment Attractiveness Index (Mining)

Fraser Institute, Survey of Mining Companies 2020

Western Australia ranked in Top 10 international mining jurisdictions in each of last five years

Paterson (Havieron)

Panorama

Ernest Giles

Bromus

Firetower

Warrentinna

Sydney

Perth

Melbourne

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Havieron | World Class discovery

Havieron discovery

Development underway of a

world class mine

Substantial growth of existing

resources

Proximity to Telfer’s existing

infrastructure & extends life

§ The deposit is world class containing high grade gold and copper with development commencing in February 2021

§ Havieron ore will be toll processed at Newcrest’s nearby Telfer operation providing for lower upfront capital costs, expediting the path to production and delivering optimised project economics

§ Resource growth provides substantial catalyst for shareholder value

What makes the Havieron discovery compelling……

If you go back two years ago, we (Newcrest) were talking about how do we eventually shut Telfer when its ore body runs out. Now with this Havieron discovery, every drill hole we put in there finds more gold.

Sandeep BiswasChief Executive Officer

BMO Conference, March 2021

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Havieron | World Class projectA significant resource continuing to grow

• Well defined ore body: Newcrest has completed> 200,000m of drilling from 204 holes to date intersectinghigh grade gold-copper mineralisation

• Breccia pipe structure: under 400m of cover, remainsopen at depth and laterally

• Havieron intercepts to date: deliver a rounded average66m @ 1.74 g/t, AuEq1 = 114 gram metres

• Growth drilling campaign: underway, targeting 65,000m in first half of 2021

Proposed Decline

Havieron Breccia Pipe

Surface

Base of Permian

650m

1,300m

Box cut

Havieron Mine Layout looking north, 2020

Open at depth1 Refer gold equivalent (AuEq) definition in footnote 2. 550 intercepts to date at a 0.2g/t cutoff. Average width of 65.68 metres (apparent widths, not true widths). Average Au Eq gradeof 1.737g/t. Best intercept to date is HAD065aW2 with 120.7m @9.6g/t AuEq from 1,349m. Reporting Criteria: Intercepts reported are downhole drill width (not true width) Au>0.20ppm (0.2g/t Au) and minimum 20m downhole width with maximum consecutive internal dilution of 10m. Average grades are based on length-weighting of uncut sample grades.

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2 The Initial Inferred Mineral Resource estimate, first reported on 10th December 2020 (https://www.londonstockexchange.com/news-article/GGP/initial-mineral-resource-estimate-for-havieron/14787380) is reported in compliance with the 2012 edition of the JORC Code and isshown on a 100% basis. Resources are reported within an AU$50/t NSR shell to two significant figures to reflect appropriate precision in the estimate and this may cause some apparent discrepancies in totals. The Au and Cu resources are estimated within the same NSRshell. The NSR/t is based on a typical NSR formula that accounts for assumed metal prices of US$1,400/oz Au and US$3.40/lb Cu, domain-specific metallurgical recoveries of 84-94% for Au and 82-92% for Cu and AUD/USD exchange rate of 0.75, as well as treatment andrefining costs, payabilities and royalties, comparable to those at Telfer. The gold equivalent (AuEq) is based on assumed prices of US$1,400/oz Au and US$3.40/lb Cu, gold recoveries of 94% (Crescent) and 84% (Breccia), and copper recoveries of 84% (Crescent) and 82%(Breccia), which equates to a formula of approximately AuEq = Au (g/t) + 1.65 * Cu (%). In Greatland's opinion both gold and copper have a reasonable potential to be recovered and sold.

Havieron | Initial Inferred Mineral Resource

750m

650m

Box cut

Decline MRE Outline

Estimated @ 52Mt @ 2.0g/t Au, 0.31% Cu for 3.4Moz Au, 160Kt Cu or 4.2Moz @ 2.5g/t AuEq2

Havieron plan view

Havieron 3D schematic view looking North

Surface

Base of Permian

1,300mMRE Outline

650m

Proposed Decline

Significantintercepts

Open at depth

Significantintercepts

Initial Inferred Mineral Resource: Gold Mineral Resource Copper Mineral ResourceDomain Dry Tonnes

(million)Gold Grade

(g/t Au)Insitu Gold

(million ounces)Copper Grade

(% Cu)Insitu Copper

(million tonnes)Crescent Zone 18 3.8 2.2 0.61 0.11Breccia Zone 34 1.1 1.2 0.15 0.05Total 52 2.0 3.4 0.31 0.16

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Havieron | Replacement for TelferNewcrest’s neighbouring Telfer mine has operated since 1975. Potentially, Havieron presents a similar underground caving opportunity3 and can leverage the existing Telfer infrastructure

3 Telfer is an Intrusion Related Gold-Copper system which is same as at Havieron. Host rocks at Telfer are Proterozoic sediments of the Lamil Group of the Yeneena Supergroup which is same as Havieron. Mineralised fluids depositing gold and copper at Telfer are derived from regional granite intrusions, the same as Havieron

4 Progression and management of seismic hazard through the life of Telfer sublevel cave, Newcrest, 20185 Telfer Gold-Copper Deposit, Paterson Province. Econ. Geol. Spec. Pub No.236 Telfer Total Mineral Endowment is past production sourced from Newcrest Annual reports and/or Mineral Resource from “Annual Mineral Resources and Ore Reserves Statement – 31 December 2018” dated 14 February 20197 Newcrest, Sandeep Biswas BMO interview, 1 March 20218 Newcrest FY21 Half Year Results – Briefing Book. FY21 Production guidance stated at 360-420koz Au, 10-20kt Cu

14 MozGold production over 36 yrs5

20 MozTotal mineral endowment6

24 MtpaProcessing facility capacity7

390 koz, 15kt CuFY21 Production guidance8

Existing infrastructureTelfer processing facility

Havieron positioned next to Telfer

• within trucking distance (45km) of Telfer• ore to be toll processed at Telfer • infrastructure synergies lower capex costs

Open Pit

Cave Pipe

6 Mtpa sub level cave breccia pipe

250m0

Telfer Main Dome Area4 looking north

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Havieron | Catalysts for value

Mineral Resource Estimate upgrade following outstanding infill drill programme

Mineral Resource Estimate update inclusive of 65,000m of growth drilling underway

Pre-Feasibility study for Havieron released in H2 2021

Feasibility study for Havieron released, projected CY22

Decline established to the ore body

Evaluation of bulk mining method could realise substantial reduction in AISC

Resource is augmented by discovery of mineralisation, nearby to existing Breccia pipe

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2

3

4

5

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Havieron | 3D schematic view looking southwest

Numerous short-term catalysts to create additional value as Havieron progresses

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1,300m

650m

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Major partner, strategically committed to the development of Havieron

Havieron | Mine development

o February 2021 | Earthmoving activities and construction have commenced with the box cut underway (pictured)

o May 2021 | Portal establishment

o Q4 2021 | Pre-feasibility study

o CY 2022 | Feasibility study

o CY 2023-2024 | Targeting commercial production within c.3 years of commencement of decline

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Paterson districtThe Paterson is widely regarded as one of the most prospectiveprovinces in Australia for the discovery of world class gold-copperdeposits

Greatland’s Paterson footprint comprises:

Project Area

Ownership Land Size(sq km)

Activity

Havieron

JV with Newcrest | 40%

30% after deliver of pre-feasibility study and spend of US$65m

38Mine development, studies, growth drilling and identified regional targets

JuriJV with Newcrest | 75%

25% after expenditure of AU$20m249 Drilling programme commences

in April 2021

Scallywag 100% 99 Drilling programme for H2 2021

Rudall 100% 65 Drilling programme for H2 2021

Canning 100% 114 Licence application

Greatland projects in the Paterson region are located in the same geological package (Lamil Group Metasediments) with similar structures and intrusion related mineralisation as at Telfer and Winu

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Owning a balanced portfolioGreatland’s owns a portfolio of 100% owned projects

Project Area Land Size (sq km)

Mineral Deposit

Features

Ernest Giles 880 Au• Located in NE Yilgarn around 250km NE of Laverton• +100km long unrecognised Archean greenstone, under cover, virtually unexplored• Previously unrecognised, vacant ground pegged by Greatland 2010

Panorama 125 Au, Cu, Ni• Outcropping greenstone with prospectivity for gold, copper and nickel sulphide mineralisation• Gold mineralisation identified from reconnaissance rock chip sampling• Bedrock gold mineralisation and surface nuggets collected over 6km of strike

Bromus 52 Au, Ni• Buried greenstone with prospectivity for gold and nickel sulphides • Vacant ground pegged by Greatland over previously recognised gold prospect Bentley • Ultramafic stratigraphy prospective for Ni sulphides and surface gold anomaly more than 4km long

Firetower 62 Au, Zn, Pb, Cu• Mt Reid volcanic rocks which host other large gold systems and base metal (Zn, Pb, Cu) systems in Tasmania• Main area of gold mineralisation identified to date is the Firetower prospect with drill intercepts up to 30g/t gold• Confirmed continuity of mineralisation over strike of 200m and remains open east and west

Warrentinna 37 Au• Sedimentary host rocks are same as those found in VIC goldfields• Tenement covers series of historic gold workings over several kilometers of strike• Two areas defined - Forester goldfield and Warrentinna goldfield

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Greatland growth visionCreating shareholder value through optimising Havieron, exploration focus and evaluating opportunities for incremental growth

Foundations for growth

Geology

Paterson district expertise

Economics

Positive IRR

Quality Jurisdiction

Australia

Commodity Focused

Gold, Copper, Nickel

Growth from existing activities Growth through new opportunities

§ Maximise Havieron: enable value catalysts as mine development proceeds towards production

§ Juri JV: progress exploration programme at Juri, commenced April 2021

§ Iterative exploration: unlock value by systematically progressing through priority targets for 100% owned tenements

§ Evaluate strategic assets with a view to acquire, turnaround, earn-in or partner

§ Seek opportunities: leverage our market size and agility to capitalise on market opportunities with positive IRR

§ Use our competitive advantages to complement inorganic growth

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Greatland value creation

30p

20p

10p

40p

Building towards a multi asset company of significant scale

Future value drivers:

Resource growth:• Updates• Growth drilling• Resource open at depth

Graduating studies:• Pre-feasibility• Feasibility• Mining optimisation

Development de-risking:• Constructed Box cut• Commenced Decline• Decline reaches ore body

Discovery HoleAnnouncement(Nov 2018)

Newcrest Farm-inAgreement(Mar 2019)

Initial Mineral Resource Estimate(Dec 2020)

Construction starts on Box Cut / Decline(Feb 2021)

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Environmental, social and governanceDeveloping a responsible, sustainable resources company

Health, safety & wellbeing

§ Health, safety and wellbeing of all employees and contractors comes first

§ Diversity: 29% female staff

§ Zero lost time in 2020. Minimal business and operational impact from COVID-19

Governance

§ Standards of building a corporate culture that values integrity governance and ethical behaviour

Environment, Sustainability

§ We respect the environment and follow safe, sustainable practises to preserve it

§ Mine development with JV partner Newcrest, a member of the World Gold Council and other international affiliations for responsible mining practises

Indigenous engagement

§ Maintain respectful and open relationships with the Traditional Owners of, and communities on, the Land

§ Obtain agreements outlining processes for identifying and preserving cultural heritage

§ Undertaking on ground surveys with Traditional Owners to identify and preserve heritage

Human rights

§ Committed to sustainable business practices and neither Greatland nor any of its Affiliates engages in Modern Slavery

ESG

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Cu, the Green metal assists moving to a low-carbon future, with usage in renewable energy infrastructure

Ø Wind turbines

Ø Solar panels

Ø Electric vehicles / storage

Greatland Cu exposure provides diversification benefits and a catalyst for value

Ø Contributes to green energy and sustainability

Ø 20% of Havieron revenue estimated to be derived from Cu

Ø Cu market prices at all time highs

Cu exposureUniquely positioned for both Au and Cu creating an opportunity for outperformance

2016 2017 2018 2019 2020 2021

10,000

9,000

8,000

7,000

6,000

5,000

4,000

LME Copper Price (US$ per tonne)

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3.4moz Au160Kt Cu

Initial Inferred Mineral Resource Estimate:

£880mMarket capitalisation

o Q421: Pre-Feasibility Study

o CY22: Feasibility Study

o CY23-24: Commercial Production

560 sq km

Licensed area

Building a multi-asset company of significant scale

Havieron Exploration focusLarge position in the Paterson province

40+ targets

Juri Joint Venture

Paterson Province

Exploration portfolio

US$50mwith access to

10-year loan facility

World-class potential in development with an experienced partner

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100% owned licenses

Scallywag, Rudall and Canning

Well positioned Management experienced in scaling up major mining companies

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Greatland | Driving shareholder value

World class project, near existing infrastructure

Havieron discovery Catalysts for growth A mine is being developed

Discovery of a large, world class, high grade gold-copper deposit

Unlocking the potential of Havieron with the current growth drilling programme

and feasibility studies

Box cut under construction and commercial production targeted

within three years

Proximity to Telfer Underexplored Paterson district Low-risk jurisdiction

Havieron is within trucking distance of Newcrest’s Telfer mine, with agreed access to its processing plant and

infrastructure

One of the most prospective provinces in Australia for the discovery of World class

gold-copper deposits

Western Australia ranked #4 globally in Fraser Institute’s index of mining

investment attractiveness with minimal business impact from COVID-19

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Appendix

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7,597,800mN

7,597,600mN

7,597,800mN

7,598,000mN

463,800mE

464,000mE

464,200mE

464,000mE

464,200mE

7,597,600mN

464,400mE

MGA20 z51RL = AHD +5000m

0 100m

NORTHERNBRECCIA

EASTERN BRECCIA

CRESCENTNW CLOSURE

Drilling Trace

Crescent Sulphide Zone Slice 1g/t Au LF Shell Slice 0.5g/t Au LF Shell Slice

Dolerite (Post Mineral)

Highlighted Drill Intercepts (>0.2g/t Au)Legend

Dec 2020 Inferred Resource OutlineMineralisation outline (projected to 4700mRL)

CRESCENTSE CLOSURE

HAD063101.0m @ 4.6g/t Au & 0.36% Cu from 636m

HAD130109.4m @ 5.9g/t Au & 0.63% Cu from 622m

Havieron ProjectSchematic Level Plan 4700mRL (+\-100m) Drilling Highlights

HAD110A140.30m @ 2.5g/t Au & 0.48% Cu from 554m

HAD066 82.1m @ 2.4g/t & 0.08% Cu from 557m

HAD059 109m @ 6.3g/t & 0.70% Cu from 668m

HAD044 83.3m @ 5.0g/t & 1.1% Cu from 489m

HAD043aW2116.2m @ 2.5g/t Au & 0.65%Cu from 607m

HAD114 48.2m @ 3.7g/t & 0.35% Cu from 712m

HAD012170.5m @ 2.8g/t Au % 0.17% Cu from 514m

HAD085 74.2m @ 2.0g/t & 0.10% Cu from 568m

Significant Drill Intercepts (>0.2g/t Au)

Appendix

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Appendix | US$65m Farm-in with Newcrest

Milestone MINIMUM STAGE 1 STAGE 2 STAGE 3* STAGE 4 * (POST-STAGE)

Terms

Newcrest must incur US$5m in expenditure within 12 months of the Farm-in commencing

Newcrest incurs US$10m in expenditure (inclusive of minimum

commitment of US$5m)

Newcrest incurs an additional US$10m in expenditure in relation

to the Tenement Blocks

Newcrest incurs an additional US$25m in expenditure in relation

to the Tenement Blocks

Newcrest incurs an additional US$20m in expenditure in

relation to the Tenement Blocks and delivers a Pre-Feasibility

Study

Newcrest must have met the milestones in the four-stage Farm-in

Minimum Expenditure US$10m US$20m US$45m US$65m

Outcome Proceed to stage 1 Proceed to stage 2 Earn 40% Farm-in interest and can

proceed to stage 3

Earn an additional 20% Farm-in Interest and can proceed to

stage 4

Earn an additional 10% Farm-in Interest and qualify for 5%

additional option

Option to acquire an additional 5% interest at

fair market value

Timeframe Within 12 months Within 12 months (from Stage 1)

Within 24 months (from Stage 2)

Within 24 months (from Stage 3)

Interest 0% 0% 40% 60% 70% 75%

Status Current stage

* In November 2020, in order to incorporate ongoing growth drilling activities, the parties agreed a structure that allows Newcrest to deliver the Pre-Feasibility Study in Stage 4

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FULLY-TERMED JV BETWEEN NEWCREST & GREATLAND US$50m LOAN AGREEMENT

→ Support acceleration of the construction of a box-cut and decline and a faster rate and scope of planned spending on exploration activities –activities funded in proportion to post-Farm-in period interests (70% Newcrest; 30% Greatland)

→ In order to incorporate ongoing growth drilling activities, the parties have agreed a structure that allows Newcrest to deliver the Pre-Feasibility Study in Stage 4

→ Newcrest has now met the Stage 3 expenditure requirements and is entitled to earn an additional 20% interest in the Havieron JV for an overall 60% interest (40% Greatland)

→ Expect to progress rapidly towards potential establishment of mining operations in the next two to three years

→ Newcrest’s total Farm-in commitment remains to incur expenditure of US$65m and deliver a Pre-Feasibility Study to earn 70%

→ In order to support the expanded scope and pace of activities at Havieron, Newcrest has agreed to provide funding of up to US$50m to Greatland

→ “Facility A”: up to US$20m, or a greater amount if provided by Newcrest, for Greatland’s 30% share of Early Works and Growth Drilling prior to the completion of the Pre-Feasibility Study

→ “Facility B”: up to US$30m for Greatland’s share of JV expenditure, post the completion of the Pre-Feasibility Study, but prior to the completion of the Feasibility Study

→ Expected (based on current forecasts) to fund Greatland’s share of JV costs, including Early Works and Growth Drilling, up to completion of the Feasibility Study

NEWCREST AND GREATLAND CAN NOW ACCELERATE ACTIVITIES AT HAVIERON AND WORK TOGETHER TOWARDS REALISING THE WORLD-CLASS POTENTIAL OF THIS PROJECT

Appendix | Havieron JV terms & Loan Agreement

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• Newcrest has the right to earn up to 75% interest in the Paterson Range East (E45/4928) and Black Hills (E45/4512) licences by spending up to A$20m as part of a two-stage Farm-in over five years

• Affirmation of the exploration potential of the Paterson Range East and Black Hills licences and Greatland’s strategy to maximise their long-term strategic value

• 2021 exploration programme for the Juri JV:

→ Drilling of high-priority targets across the Paterson Range East licence, commenced in April 2021 at Goliath

→ Drill testing of the Parlay target, a discrete magnetic anomaly with coincident gravity response in the south-west of the Black Hills licence

→ Ground EM surveys to better define and prioritise multiple additional targets throughout Paterson Range East and Black Hills licences

• Greatland retains 100% ownership of both the Scallywag, Rudall and Canning licences which do not form part of the Juri JV

STAGEINITIAL

PARTICIPATING INTERTEST

STAGE 1 COMMITMENT

STAGE 2 COMMITMENT

TERMS

Newcrest receives 25% interest in the Juri JV for entering

into Stage 1 Commitment

Newcrest incurs AU$3m in

expenditure in relation to the Juri

JV

Newcrest incurs an additional AU$17m in expenditure in relation

to the Juri JV

OUTCOME

Newcrest must satisfy

the “Minimum Commitment”

(AU$3m Stage 1)

Newcrest earns an additional 26%

interest in the Juri JV and can proceed

to Stage 2

Newcrest earns an additional 24% in the

Juri JV

TIMEFRAME Immediately Within 24 months Within 36 months (from end of Stage 1)

EXPENSE (MIN) AU$3m AU$17m

FARM-IN INTEREST 25% 51% 75%

Appendix | Juri JV terms

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Competent PersonInformation in this presentation that relates to exploration results has been extracted from the following announcements:

• “Further Outstanding Infill Drilling Results at Havieron”, dated 11 March 2021 (Greatland)• “Exploration Update”, dated 11 March 2021 (Newcrest)• “Newcrest Reports Further Drilling Results at Havieron”, dated 28 January 2021 (Greatland)• “Quarterly Exploration Report”, dated 28 January 2021 (Newcrest)• “Newcrest Reports Further Drilling Results at Havieron”, dated 10 December 2020 (Greatland)• “Exploration Update”, dated 10 December 2020 (Newcrest)• “Initial Inferred Mineral Resource Estimate for Havieron”, dated 10 December 2020 (Greatland)• “Initial Inferred Mineral Resource Estimate for Havieron”, dated 10 December 2020 (Newcrest)• “Drilling Results at Havieron Highlight Potential New Eastern Breccia Target”, dated 29 October 2020 (Greatland)• “Quarterly Exploration Report”, dated 29 October 2020 (Newcrest)• “Latest Drilling Results at Havieron Highlight Potential Bulk Tonnage Target”, dated 10 September 2020 (Greatland)• “Exploration Update”, dated 10 September 2020 (Newcrest)• “Newcrest Identifies New Zone of Breccia Mineralisation at Havieron”, dated 23 July 2020 (Greatland)• “Quarterly Exploration Report”, dated 23 July 2020 (Newcrest)• “Further Outstanding Drill Results from Havieron”, dated 11 June 2020 (Greatland)• “Exploration Update”, dated 11 June 2020 (Newcrest)• “Newcrest Reports Further Outstanding Drill Results at Havieron”, dated 30 April 2020 (Greatland)• “Quarterly Exploration Report”, dated 30 April 2020 (Newcrest)• “Newcrest Reports Further Outstanding Drill Results at Havieron”, dated 11 March 2020 (Greatland)• “Exploration and Guidance Update”, dated 11 March 2020 (Newcrest)• “Further Outstanding Drill Results at Havieron”, dated 30 January 2020 (Greatland)• “Quarterly Exploration Report”, dated 30 January 2020 (Newcrest)• “New Outstanding Drill Results at Havieron Extend the Strike Length of High-Grade Mineralisation”, dated 2 December 2019 (Greatland)• “Exploration Update – Havieron”, dated 2 December 2019 (Newcrest)• “Further High-Grade Drilling Results from Newcrest's Campaign at Havieron”, dated 24 October 2019 (Greatland)• “Quarterly Exploration Report – September 2019”, dated 24 October 2019 (Newcrest)• “Update on Newcrest Drilling Results at Havieron”, dated 10 September 2019 (Greatland)• “Exploration Update – Havieron”, dated 10 September 2019 (Newcrest)• “First Results from Newcrest's Drilling Campaign at Havieron”, dated 25 July 2019 (Greatland)• “Newcrest Quarterly Exploration Report – June 2019”, dated 25 July 2019 (Newcrest)

Information in this presentation pertaining to Reporting of Exploration Results has been reviewed and approved by Mr John McIntyre, a Member of the Australian Institute of Geoscientists (MAIG), who has more than 30 years relevantindustry experience. Mr McIntyre is a full-time consultant to the Company and has no financial interest in Greatland Gold plc or its related entities. Mr McIntyre has sufficient experience relevant to the style of mineralisation and type ofdeposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and OreReserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies, which outline standards of disclosure for mineral projects. Mr McIntyre consents to the inclusion in this presentation of the matters basedon this information in the form and context in which it appears. Mr McIntyre confirms that the Company is not aware of any new information or data that materially affects the information included in the relevant market announcements,and that the form and context in which the information has been presented has not been materially modified.